Instant Loan of 5,000
Mobile Volume, Payment Gateway and Digital Financial Services Provider Mobikwik announced the launch of an ‘instant loan’ facility of Rs. 5000 through its app.
The company said today that it has partnered with the non-banking financial company Bajaj Finisher. Its goal is to lend to new customers with business people.
Learn how to get an instant loan
This loan amount can be used for various payments available through its app.
After completing the three stages of taking the loan, the amount will be taken into the customer’s Mobic Account in 10 seconds.
Mobikwik’s co-founder worship Thakoo said that he has given advance approval to a loan of Rs 3,500 crore for millions of customers.
It had partnered with Bajaj Finisher in October last year and had targeted a loan of Rs 1 lakh crore in 12 months.